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06/23/2014 10:59 am ET

Foreign Aid Is Not Charity. It's Smart Investing

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One of the few bright spots of bipartisanship on Capitol Hill of late has been in global development. The House recently passed a bill to support President Clinton’s Power Africa initiative, which is designed to boost access to electricity access across six countries in the region.

Both houses also managed to reauthorize PEPFAR –the President’s Emergency Fund for AIDS Relief– which provides antiretrovirals to nearly seven million people worldwide. The U.S. still ranks near the bottom of the list among rich countries in terms of the generosity of its overseas development program, but these two pieces of legislation at least suggest that altruism and fellow feeling have not completely evaporated in Washington.

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